(CNBC) Stock futures plunged Thursday evening as conflict reignited between Israel and Iran. A U.S. official confirmed that Israel is conducting an operation in Iran. Earlier, Iran’s Fars news agency reported explosions were heard near the airport at the country’s central Isfahan city, but the reason was unknown. To read this article ..read more

(Hedgeweek) Hedge fund performance was positive during the first quarter, as nearly all strategies turned more bullish on US stocks, with gross returns across all strategies averaging nearly 6%, led by managed futures strategies with gross returns at nearly 10%, according to Unlimited’s Hedge Fund Barometer, a new quarterly report and data analysis tool. To read this article ..read more

(CNBC) A New York federal jury on Thursday convicted a Puerto Rico man of a $110 million scheme that was the Department of Justice’s first-ever cryptocurrency open-market manipulation case, prosecutors said. The man, 28-year-old Avraham Eisenberg of San Juan, faces a maximum possible sentence of 20 years in prison for the charges of wire fraud, commodities fraud, and commodities manipulation. To read this article ..read more

(CNBC) Netflix will no longer provide quarterly membership numbers or average revenue per user starting next year, the company said Thursday as it reported earnings that beat on the top and bottom lines. Total memberships rose 16% in the first quarter, reaching 269.6 million, well above the 264.2 million Wall Street had expected. To read this article ..read more

(Hedgeweek) Two years of losses at Lijaro Asset Management has prompted Founder Stephen Irving, who left Balyasny Asset Management to start the long-short equity hedge fund about four years ago, to return money to investors, according to a report by Bloomberg. To read this article ..read more

(CNBC)Tesla is laying off 285 employees in the state of New York as part of a broader restructuring according to a WARN notice filed in the state. Most of these employees worked at the company’s Buffalo factory and a handful at a store and service center in the area per the filing. To read this article ..read more

(CNBC) Google terminated 28 employees Wednesday, according to an internal memo viewed by CNBC, after a series of protests against labor conditions and the company’s contract to provide the Israeli government and military with cloud computing and artificial intelligence services. To read this article ..read more

(CNBC) If there was any doubt before, Federal Reserve Chair Jerome Powell has pretty much cemented the likelihood that there won’t be interest rate reductions anytime soon. Now, Wall Street is wondering if the central bank will cut at all this year. To read this article ..read more

(Hedgeweek) An increasing proportion of new hedge fund managers are launching with an incentive allocation hurdle, guaranteeing investors a baseline return before the manager earns a performance fee, according to the 2023 edition of the Seward & Kissel New Manager Hedge Fund Study. To read this article ..read more

Hedgeweek) Schonfeld Strategic Advisors, the multi-strategy hedge fund firm born in 2015 out of Steven Schonfeld’s proprietary trading-firm-turned family office, still hasn’t raised the $3bn it has been looking to raise since late last year, according to a report by Bloomberg. To read this article ..read more